General Motors Corp. said Friday it was recalling 944,000 vehicles because of a problem with a windshield wiper fluid system that could lead to a fire.
Stocks slipped Friday, completing a topsy-turvy week, as investors mulled a seventh straight month of job losses, a dismal quarterly report from General Motors and slumping U.S. auto sales reports.
The stock price of General Motors Corp. neared its lowest level in 33 years Monday after a credit-rating agency's report cast a further shadow on the embattled U.S. auto industry.
There was a time when buying certain cars from Chrysler, General Motors or Ford was a risky proposition. Poorly engineered vehicles were sloppily thrown together by arrogant UAW members.
U.S. stocks tumbled at Wednesday's open after General Motors posted a huge loss and oil moved closer to $100 a barrel
Stocks eased slightly in early trading Wednesday as investors took step back from the advance that put major indexes into record territory.
Stocks rose Wednesday after General Motors and its union reached a deal to end the two-day strike, but gains were limited in the afternoon by rising oil prices.
Stocks gained Wednesday morning, as investors welcomed news that General Motors has reached a deal with its union workers to end the two-day strike.
U.S. stocks edged higher at Wednesday's open after General Motors reached a tentative contract agreement with striking workers.
Demand for big-ticket manufactured goods plunged in August by the largest amount in seven months, with widespread weakness signaling a slowdown in the nation's industrial sector.
General Motors Corp. said Friday it was recalling 944,000 vehicles because of a problem with a windshield wiper fluid system that could lead to a fire.
Stocks slipped Friday, completing a topsy-turvy week, as investors mulled a seventh straight month of job losses, a dismal quarterly report from General Motors and slumping U.S. auto sales reports.
The stock price of General Motors Corp. neared its lowest level in 33 years Monday after a credit-rating agency's report cast a further shadow on the embattled U.S. auto industry.
There was a time when buying certain cars from Chrysler, General Motors or Ford was a risky proposition. Poorly engineered vehicles were sloppily thrown together by arrogant UAW members.
U.S. stocks tumbled at Wednesday's open after General Motors posted a huge loss and oil moved closer to $100 a barrel
Stocks eased slightly in early trading Wednesday as investors took step back from the advance that put major indexes into record territory.
Stocks rose Wednesday after General Motors and its union reached a deal to end the two-day strike, but gains were limited in the afternoon by rising oil prices.
Stocks gained Wednesday morning, as investors welcomed news that General Motors has reached a deal with its union workers to end the two-day strike.
U.S. stocks edged higher at Wednesday's open after General Motors reached a tentative contract agreement with striking workers.
Demand for big-ticket manufactured goods plunged in August by the largest amount in seven months, with widespread weakness signaling a slowdown in the nation's industrial sector.
Stocks looked set to remain in recovery mode Tuesday following strong results from General Motors and ahead of a barrage of economic reports.
Wall Street investors exercised some caution after a sharply higher start Tuesday, amid upbeat General Motors earnings, a flurry of economic readings, and residual credit market concerns.
Stocks continued to climb Monday, with the Dow gaining more than 100 points, helped by strong earnings from automaker General Motors, a tame reading on inflation and signs of consumer strength.
Stocks got off to sharply higher start Monday, helped by strong earnings from embattled automaker General Motors and a tame reading on inflation.
Getting back on the bull will be no easy task next week, particularly after the meltdown stock investors endured over the past two days.
Wall Street shrugged off a weak report on home sales and sent stocks higher Monday on a mix of lower oil prices, a dip in Treasury yields and a brokerage upgrade of General Motors stock.
Stocks opened modestly higher but then quickly turned mixed Monday as investors awaited a key reading on the housing market.
General Motors (GM) ranks no. 3 on FORTUNE's list of America's largest corporations.
Stocks rallied Thursday, with the Standard & Poor's 500 closing above 1,500 for the first time in more than six years and the Dow Jones industrial average ending at a record high for the third time in a row and sixth time in seven sessions.
Stocks edged lower at the start of trading Thursday as investors mulled stronger-than-expected inflation and futures and options expirations.
The following shares were among the most actively traded Wednesday:
U.S. stocks edged higher Wednesday as investors shook off General Motors' results and the subprime mortgage crisis.
Here are some of the companies whose shares were active in Thursday trading:
The monthly employment report appeared to have investors on edge early Friday, as stock futures fell ahead of the report's release.
General Motors announced a shocking $10 billion annual loss early in the year, and just so it wouldn't be lonely, Ford and Chrysler came along with their own billion dollar losses later on. Delphi, the bankrupt parts supplier, found some of its former top executives under investigation by the Securities and Exchange Commission for cooking the books. And Toyota decided the Scion was too popular and put a lid on sales.
Investors will be watching auto sales as well as reports on manufacturing and construction spending Friday for clues as to the strength of the economy, and news on the world's largest automaker General Motors may weigh on blue chips.
Stocks slipped Friday afternoon, following a mixed read on the labor market in September, with the Dow industrials retreating after hitting a record high in the previous session.
Stocks fell near midday Friday, after a mixed read on the labor market in September gave investors a reason to backtrack, having pushed the Dow Jones industrial average to its highest close ever in the previous session.
General Motors ranks no. 5 on FORTUNE's Global 500 this year, with $192.6 billion in revenues, down .5% from the previous year. The Detroit, Michigan-based company was ranked no. 5 on the 2005 list. Its 2005 profits were $-10.6 billion, down 476.7% from a year earlier. 2005 was a banner year for most Global 500 companies.
Stocks gained Tuesday, staging a comeback at the end of a volatile session in which investors struggled with the competing influences of mixed earnings, lower oil prices and an upbeat read on consumer confidence.
Despite a mid-month rally, all stock benchmarks suffered losses in May. Stocks in the information technology sector, down 6.9% on average, took the biggest beating and helped drag down the Nasdaq b...
Upbeat news from General Motors and more corporate mergers weren't enough to help stocks hold onto slim early gains Tuesday.
Only 33 percent of large firms (200-plus employees) offer them, half the proportion that offered them in 1988. Most experts think that dropoff will continue, which means that such benefits in any substantive form will just about disappear within several years.
Following a jump in both oil prices and home sales, the stock market got skittish in late March as the Fed hiked rates for the 15th consecutive time. But overall, returns were still strong. Only th...
If the stock price is too depressing, try the rides. General Motors is taking another step into the world of interactive entertainment with the opening of the "The Drive" in Las Vegas. Ticket-buying visitors will be able to drive GM vehicles on sharply winding test tracks near the famous Las Vegas Strip.
REDDER INK
Stocks were mixed Friday morning, as investors considered weakness in technology, a rise in bond yields, and discouraging corporate news from Dow 30 stocks AIG and General Motors.
Tech earnings anxiety appeared to be casting a shadow over stocks ahead of Tuesday's market open, with investors shrugging off the latest General Motors turnaround effort.
A futuristic General Motors bus from 1950 sold for $4 million at a collectible car auction in Scottsdale, Ariz., Saturday.
The November rally in all major stock indexes slowed in December, as the Fed increased rates for the 13th straight time and investors engaged in year-end selling. The energy sector--up 35% in 2005--managed to notch an 8% gain even as gasoline prices dropped. Shares of automaker General Motors plunged 20% for the month and 49% for the year (as of late December), in part because of a slump in car sales. The yield is 9%--and rising. But don't bet on that payout.
Stocks got an early lift Friday after an uplifting revenue growth forecast by General Motors that helped boost the Dow industrials, but gains were subject to options-related volatility.
Stocks slipped Wednesday, as the aging rally hit resistance amid a spike in bond yields, which sparked new worries about rising rates and sent the homebuilding and financial sectors lower.
Rising oil prices and continued concerns about General Motors were among the factors dragging on stocks Tuesday morning, one day after a big run up.
At a time when deep job cuts at General Motors Corp. are grabbing attention, a majority of manufacturers are reportedly having trouble finding skilled workers to fill open positions.
A rebound in oil prices early Monday on signs of colder weather balanced with cost cuts at embattled automaker General Motors could lead to a mixed open Monday.
Stocks were mixed Wednesday as a 6 percent slide in General Motors and a rise in oil prices overshadowed a bond market rally and other positive news on the day.
Stocks posted slim gains Wednesday afternoon but ended well off their highs at the end of a mixed session in which rising chip and financial stocks vied with pressure from General Motors and rising Treasury bond yields.
Rising oil prices and concerns about General Motors were among the factors pressuring stocks early Thursday.
Auto sales at Chrysler, Ford and General Motors dealerships around the country have slipped since the Big Three ended their respective "employee discount" programs at the end of September, according to a news report published Tuesday.
GENERAL MOTORS' "EMPLOYEE DIScount for everyone" promotion provided a welcome distraction in the form of stellar June sales. But one thing the sell-a-thon won't change is a possible war with the Un...
Stocks opened lower Wednesday after General Motors reported a big loss for the quarter and investors fretted over lackluster performance at Intel and Yahoo.
As any pop song or cheesy reality TV show will tell you, some winners fade fast and some losers find redemption -- eventually.
Treasuries reversed early losses Thursday after S&P cut General Motors and Ford bond ratings to junk, prompting traders to seek the safety of government-backed notes.
Stocks climbed early Wednesday as strength in Dow component General Motors overshadowed pressure from a rising bond yield caused by word of a possible renewal of 30-year debt sales.
Federal authorities have opened an investigation of more than 1.2 million General Motors Corp. pickup trucks and sport utility vehicles in 21 "salt belt" states amid questions about the vehicles' antilock brakes.
WHAT DO GENERAL MOTORS' WOES, the Medicare prescription-drug law, the state and local health-care time bomb described in the previous story, and Congress's recent refusal to trim soaring state Medi...
Stocks slumped Friday, amid jitters about earnings and a downgrade of General Motors, although the market managed a gain for the week.
Continued rises in oil prices could make it difficult for stocks to gain traction at the start of trading Monday.
Stocks slumped Thursday, after General Motors' late-session profit warning turned a mild slide into a steeper selloff.
Stocks headed to a lower opening Tuesday as investors took a wary stance after a dour profit forecast from General Motors and a government report showing that signs of inflation may be creeping back into the economy.
Weak quarterly results from General Motors, a mixed picture from Citigroup and oil's return to the $54 a barrel level may outweigh a strong report from Apple Computer when stocks begin trading Thursday.
General Motors has regularly driven past its domestic rivals in several key measures of financial success: sales, market share and most importantly, profits.
A rally in technology propelled the Nasdaq Thursday, while some bearish analyst comments on General Motors and continued wariness about oil prices kept the Dow's gains in check.
U.S. stock markets edged lower Monday, with investors shrugging off any early enthusiasm about the completion of the transfer of power in Iraq amid a negative forecast from General Motors and worries about the upcoming Federal Reserve policy-setting meeting.
Alan Greenspan and General Motors will garner Wall Street's attention Tuesday as investors look for direction about interest rates and corporate earnings.
When the economy turned down, a number of companies moved to cut costs by reducing or even eliminating how they matched their employees' contributions to 401(k) pension plans.
What makes a company worthless?
Look for the formula of Coca-Cola, and you'll find it in a bank vault in Atlanta. Search for Intel's microprocessor blueprints or Merck's drug formulations, and you'll probably locate them in a loc...
THERE IT SITS in its accustomed position atop the FORTUNE 500: General Motors, by a wide margin the largest corporation in the U.S. Last year its sales reached $168.8 billion and its profits $6.9 b...
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A FEDERAL INVESTIGATOR, acting without a search warrant, gains access to incriminating evidence stored in a computer databank. A corporate spy picks up trade secrets as he monitors the satellite fe...
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